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Ben Carlson, industry influencer, draws a comparison between the value of the U.S. stock market after the Great Financial Crisis and the combined market cap of several leading tech companies today.
He observes that following the financial crisis, the total U.S. stock market was worth about $10 trillion. Currently, the combined market capitalization of Nvidia, Google, Microsoft, and Apple alone is nearly $17 trillion.
Carlson has previously highlighted the frequency of new records in U.S. equities, noting hundreds of all-time highs in bull markets since 1980. Other industry commentators have reported on recent gains in key indexes, with the S&P 500 up 5% and emerging markets rising 16.3%. These historical and current data points reflect the scale of growth in equity valuations over recent decades.